• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Firms Challenge Regulators in Court

user avatar

by Giorgi Kostiuk

3 months ago


Recently, there has been a surge in legal battles between crypto companies, developers, and government agencies over new legislative initiatives and their impact on the industry.

Developer Challenges from DOJ

Michael Lewellen, a crypto developer and Coin Center fellow, filed a lawsuit against US Attorney General Merrick Garland seeking clarity on the legal status of his crowdfunding software Pharos. Lewellen argues that his software complies with money-transmitting laws as it does not control user cryptocurrencies. Coin Center supports Lewellen's case, emphasizing the need for legal clarity to foster crypto innovation.

Tech Groups vs CFPB

Trade groups TechNet and NetChoice recently filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) challenging a new regulation that extends oversight to payment apps. They argue that this move hinders innovation and increases costs. The CFPB defends the regulation as a measure to protect consumer data and reduce fraud.

Class-Action Against Pump.fun

Burwick Law announced plans for a class-action lawsuit against the Solana-based platform Pump.fun for exploitative practices. The firm accuses Pump.fun of profiting from harmful content and misleading users. The platform had earlier faced criticism and was restricted in the UK following scam complaints.

These legal disputes highlight the growing tension between crypto companies and regulators, indicating a need for clearer legal frameworks to support innovation in the crypto space.

0

Share

Other news

Haven1: From Success to Drop – Token $H1 Situation Analysis

The launch of Haven1 led to a token price drop. Analysis of causes and future predictions.

user avatarGiorgi Kostiuk

13 minutes ago

BTC Bull Token and Solaxy - A Press Release on Promising Projects

BTC Bull Token and Solaxy stand out in the presale market, showcasing significant potential through innovative ideas and investor support.

user avatarGiorgi Kostiuk

16 minutes ago

Peter Schiff Changes His Mind on Bitcoin and Requests Donations

Economist Peter Schiff, known for criticizing Bitcoin, is now asking his followers for cryptocurrency donations.

user avatarGiorgi Kostiuk

16 minutes ago

Dinner with Trump and the Impact of Memecoin on the Crypto Market

The Trump memecoin becomes a focal point after the announcement of a dinner with the main token holders.

user avatarGiorgi Kostiuk

16 minutes ago

BTC Bull Token and Solaxy: New Projects in the Crypto Market

BTC Bull Token and Solaxy capture investor attention, showcasing potential and significant achievements during the presale stage.

user avatarGiorgi Kostiuk

33 minutes ago

Gitcoin Closes Gitcoin Labs to Focus on Grant Program

Gitcoin closes its main software development unit due to financial difficulties and shifts focus towards grant program development.

user avatarGiorgi Kostiuk

34 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.